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Updated RecentlyWoodSpring Suites vs Tapestry Collection by Hilton Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of WoodSpring Suites vs Tapestry Collection by Hilton including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $5,035,000 - $7,031,000 | $3,005,105 - $95,336,595 |
| Franchise Fee | $50,000 | $75,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 2.5% | 4% |
| Year Founded | 2003 | 2016 |
| Year Franchised | 2004 | 2016 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/Yes |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/Yes | -/Yes |
| Inventory | -/Yes | -/Yes |
| Receivables | -/Yes | -/Yes |
| Payroll | -/Yes | -/Yes |
Training & Support |
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| Training | On-The-Job Training: Upon request Classroom Training: Varies | Classroom Training: 141-180 hours Additional Training: Online |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | Ongoing Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Supportmn Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About WoodSpring Suites
WoodSpring® is the fastest growing brand in the economy extended stay segment.
Designed with purpose to offer exactly what the extended stay
guest needs, we’ve stripped away the unnecessary extras and infused
form, function and beauty into what’s left. The result for owners is a
brand that’s tightly optimized to help enable profitability.
- Cost-effective prototype, designed to be built in less than 12 months
- Proven, lean operating model that enables maximum efficiency for owners
- Proprietary vendor relationships and hands-on support enable expedited openings
- Dedicated, extended stay national sales team
!["franchiserankingscom"]("https://d3t9r0kmeshe93.cloudfront.net/settings/71116cc7-281b-43ed-8275-5087635f96d8.png")
#40 on Franchise Rankings.com
About Tapestry Collection by Hilton
!["Tapestry]("https://fddexchange.com/wp-content/uploads/2020/08/Tapestry-Collection-by-Hilton-300x96.png")
We are proud and fiercely independent.
We are Tapestry Collection™ by Hilton.
A collection of hotels bringing unapologetic originality to any
and every place it calls home.
Seeking new franchise units throughout the U.S.,
Canada, Central America, Mexico and South America